Cal-Maine Foods Inc. (NASDAQ:CALM)’s share price fell 2% during mid-day trading on Thursday . The stock traded as low as $44.61 and last traded at $44.83, with a volume of 324,591 shares. The stock had previously closed at $45.75.

Several research firms recently issued reports on CALM. BB&T Corp. raised Cal-Maine Foods from an “underweight” rating to a “hold” rating in a research note on Thursday, June 16th. Zacks Investment Research lowered Cal-Maine Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, May 16th. DA Davidson lowered Cal-Maine Foods from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $55.00 to $45.00 in a research note on Monday, May 9th. Finally, Sidoti lowered Cal-Maine Foods from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 29th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $59.21.

The firm has a 50 day moving average of $43.28 and a 200 day moving average of $48.25. The company has a market cap of $2.17 billion and a P/E ratio of 5.98.

In related news, CEO Adolphus B. Baker sold 100,000 shares of the business’s stock in a transaction dated Wednesday, May 4th. The stock was sold at an average price of $51.95, for a total value of $5,195,000.00. Following the completion of the sale, the chief executive officer now directly owns 307,344 shares of the company’s stock, valued at $15,966,520.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Other hedge funds have recently made changes to their positions in the company. Aberdeen Asset Management PLC UK raised its stake in shares of Cal-Maine Foods by 41.7% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 312,868 shares of the company’s stock valued at $19,307,000 after buying an additional 92,096 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Cal-Maine Foods by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 503,581 shares of the company’s stock valued at $23,335,000 after buying an additional 2,337 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Cal-Maine Foods by 14.0% in the fourth quarter. Wells Fargo & Company MN now owns 269,207 shares of the company’s stock valued at $12,475,000 after buying an additional 33,110 shares in the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Cal-Maine Foods during the fourth quarter valued at $1,040,000. Finally, Morgan Stanley raised its stake in shares of Cal-Maine Foods by 30.5% in the fourth quarter. Morgan Stanley now owns 389,696 shares of the company’s stock valued at $18,059,000 after buying an additional 91,017 shares in the last quarter.

Cal-Maine Foods, Inc is a producer and marketer of shell eggs in the United States. The Company’s primary business is the production, grading, packaging, marketing and distribution of shell eggs. The Company sells its shell eggs in the southwestern, southeastern, mid-western and mid-Atlantic regions of the United States.

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